Integer Holdings Corporation $ITGR Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of Integer Holdings Corporation (NYSE:ITGR) by 14.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,632 shares of the medical equipment provider’s stock after acquiring an additional 17,699 shares during the period. Public Sector Pension Investment Board owned about 0.39% of Integer worth $14,118,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Integer by 1.0% during the second quarter. State Street Corp now owns 1,326,050 shares of the medical equipment provider’s stock worth $163,064,000 after purchasing an additional 13,540 shares in the last quarter. Viking Global Investors LP increased its stake in Integer by 9.1% during the 2nd quarter. Viking Global Investors LP now owns 1,283,965 shares of the medical equipment provider’s stock worth $157,889,000 after buying an additional 106,692 shares during the period. Alliancebernstein L.P. lifted its holdings in Integer by 885.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider’s stock worth $136,016,000 after buying an additional 993,810 shares in the last quarter. Franklin Resources Inc. boosted its position in Integer by 11.5% in the 2nd quarter. Franklin Resources Inc. now owns 907,232 shares of the medical equipment provider’s stock valued at $111,562,000 after buying an additional 93,294 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Integer by 3.9% in the second quarter. Geode Capital Management LLC now owns 819,089 shares of the medical equipment provider’s stock worth $100,736,000 after acquiring an additional 31,026 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ITGR has been the subject of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of Integer in a report on Friday, October 24th. Argus lowered Integer from a “buy” rating to a “hold” rating in a research report on Friday, October 24th. Piper Sandler decreased their price objective on Integer from $155.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Wall Street Zen lowered shares of Integer from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Integer in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.38.

Integer Price Performance

Shares of NYSE ITGR opened at $85.92 on Friday. The stock’s 50-day simple moving average is $81.42 and its 200-day simple moving average is $88.89. The firm has a market capitalization of $3.01 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 0.79 and a beta of 0.77. Integer Holdings Corporation has a fifty-two week low of $62.00 and a fifty-two week high of $144.76. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.45 and a current ratio of 3.71.

Integer declared that its board has initiated a stock repurchase plan on Tuesday, November 4th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the medical equipment provider to reacquire up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About Integer

Integer Holdings Corporation (NYSE: ITGR) is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.

Integer’s product portfolio is organized into two core segments: Advanced Delivery and MedTech.